About Us / FAQ’s

First 4 Logbook Loans connects you to a fully authorised Logbook Loan lender.

Logbook Loan Frequently Asked Questions

Q:

HOW LONG CAN A LOGBOOK LOAN of APPLICATION TAKE?

Completing our online form takes less than a minute. After that a representative from the logbook loan lending company will be in touch with you directly to discuss your loan requirements and arrange a viewing of your vehicle at a time that suites you.

Q:

WHAT ABOUT MY PREVIOUS BAD CREDIT HISTORY, DEFAULTS OR CCJ’s?

Even those with bad credit, CCJ’s and defaults could still get a loan. This is because your vehicle is used as collateral against the loan, so the lender has security against the loan.

Q:

WHO IS ELIGIBLE FOR A LOAN?

Almost everyone is eligible for a logbook loan. You will need to be over 18 years of age and own the car (or close to paying off the total finance off the car) then you should qualify. Simply apply online to find out.

Q:

HOW MUCH CAN BE BORROWED?

This varies depending on the logbook loan lenders terms and conditions, typically half the value of your car. However this can be anything up to £50,000 in value. I

Q:

WHAT VEHICLES ARE ELIGIBLE FOR A LOAN?

The loan provider we put you in touch with only offers loans against cars. Your car should also be no more than 8 years old and should be clear or nearly clear of finance.

Q:

DOES FIRST 4 LOGBOOK LOANS PROVIDE THE LOANS?

No. Your V5 Logbook Loan will be provided by one of our suppliers, we do not have any involvement with the loans or the loan provider. We simply pass on your details to the provider, after that our involvement ends.

Logbook Loan Representative example:

Total amount of credit

Total amount repayable

%APR representative

Fixed annual interest rate

Duration

Instalments

£850

£2,533

450.5%

132%

18 months

17 x £140.72
1 x £140.76

First4LogbookLoans are a broker and not a lender who refer customers to other brokers or lenders that are authorised and regulated by the Financial Conduct Authority. When taking out a logbook loan, the logbook is held and owned by the lender until the loan is re-paid

However, interest is charged monthly and you should not be penalised for early settlement. If you repaid the loan in one month it would cost you just £93.50 and nothing more. Logbook loans are secured against your vehicle and subject to affordability.

There are no setup fees when you take out the loan, nor is there any charge for settling early. You may however incur charges if you fail to make your payments on time. Any late payment charges will be clearly set out in the agreement you sign with the lender and will be explained to you fully before you take out the agreement.

All loans granted subject to affordability. Proof of income will be required. A Log Book loan is secured against your vehicle, which may be repossessed if you do not make payment. Late or missed payments may incur a charge for chasing letters and telephone calls. Over 18’s only, T&Cs apply. Lenders abide by the CCTA voluntary Code of Practice. We do not have a renewal policy.

Apply Online

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Representative Example:

Total amount of credit

Total amount repayable

%APR representative

£850

£2,533

450.5%

Fixed annual interest rate

Duration

Instalments

132%

18 months

17 x £140.72
1 x £140.76

Minimum Loan Amount £400.00

Lines open 8am - 8pm Mon-Fri and 9am - 3pm Sat

First 4 Logbook Loans is a trading style of Stovell Consultancy Ltd
Minimum Loan Amount £400.00
We do not charge any set up fees when you take out the loan, nor is there any charge for settling early. You may however incur charges if you fail to make your payments on time. Any late payment charges will be clearly set out in the agreement you sign with the lender and will be explained to you fully before you take out the agreement.